Clear Secure Inc (YOU)

Gross profit margin

		Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022
Gross profit (ttm)	US$ in thousands	304,128	275,776	244,217	197,593	127,047	36,594	5,421	-9,236	-11,379	14,924	-18,037
Revenue (ttm)	US$ in thousands	736,776	698,738	661,864	614,704	571,803	526,891	479,299	437,394	389,842	341,481	293,936
Gross profit margin		41.28%	39.47%	36.90%	32.14%	22.22%	6.95%	1.13%	-2.11%	-2.92%	4.37%	-6.14%

September 30, 2024 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $304,128K ÷ $736,776K
= 41.28%

Clear Secure Inc's gross profit margin has shown significant fluctuations over the past few quarters. The margin has fluctuated between negative figures and positive figures, indicating inconsistency in the company's ability to generate profit from its sales.

In recent quarters, there has been a notable improvement in the gross profit margin trend, with a steady increase from 22.22% in September 2023 to 41.28% in September 2024. This improvement suggests that Clear Secure Inc has been able to effectively manage its cost of goods sold relative to its revenue, resulting in a higher proportion of revenue being retained as gross profit.

Overall, the increasing trend in gross profit margin is a positive signal for Clear Secure Inc, indicating potentially improving profitability and operational efficiency. However, it is important for the company to sustain and further improve this trend to ensure long-term financial sustainability.